AUD/CAD – 4H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.970975 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.98679 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bearish Harami’ candle pattern is detected. The chart forms ‘Bearish Harami’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

0.98679 – 0.97994 – 0.9801 – 0.97471 – 0.97411 – 0.96835 —
0.97970 – 0.97831 —
42.450667814064 – 51.991777048084 —
– —
0.98679 – 1776312000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Harami – – – – – – – – –